NFP April Update ? What the update on Nonfarm Payroll ?

NFP Non-Farm Payroll (NFP) is a term used in the United States to refer to a monthly report issued by the Bureau of Labor Statistics that provides data on the employment situation in the country, excluding farm workers, private household employees, and non-profit organizations employees.

As you have an idea bout the NFP report and it’s issued been in the first Friday of each month typically by the US BUREAU OF LABOR which called as bls 

As per Last month’s Data

04/04/2023February job openings and layoffs and discharges decrease; quits edge up

03/29/2023One-quarter of unemployed who worked in the past 12 months apply for UI benefits in 2022

03/24/2023February jobless rates down in 9 states, up in 3; payroll jobs up in 6 states

03/23/2023Total factor productivity decreases 1.2% in 2022, following a 4.0% increase in 2021

The above is the Latest article by Labor Court USA uploaded on the 5th of March.

With the current scenario, we believe the Payroll date will be down compared to the previous month and the US price will fall against the rest currency.

What are Wall Street Banks expecting? Wells Fargo: – NFP: 190K – Unemployment Rate: 3.5% – Average Hourly Earnings MoM: 0.3% Citi: – NFP: 250K – Unemployment Rate: 3.5% Goldman Sachs: – NFP: 260K – Unemployment Rate: 3.6% – AHE MoM: 0.35% – AHE YoY: 4.32%

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